Cosan (NYSE:CSAN) Shares Up 8.5% – Should You Buy?

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s stock price was up 8.5% during mid-day trading on Tuesday . The company traded as high as $5.34 and last traded at $5.3250. Approximately 383,799 shares were traded during trading, a decline of 76% from the average daily volume of 1,595,794 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised Cosan from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. Zacks Research downgraded shares of Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. HSBC upgraded shares of Cosan from a “reduce” rating to a “hold” rating in a research report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of Cosan to a “moderate sell” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.30.

Cosan Stock Up 1.6%

The company has a current ratio of 2.13, a quick ratio of 1.98 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.84.

Cosan (NYSE:CSAN) last announced its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). Cosan had a negative net margin of 32.24% and a negative return on equity of 34.75%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Sell-side analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in Cosan during the first quarter worth about $58,000. Ballentine Partners LLC purchased a new position in shares of Cosan during the 2nd quarter valued at about $64,000. Verus Capital Partners LLC bought a new stake in Cosan in the 3rd quarter worth approximately $69,000. Savant Capital LLC purchased a new stake in Cosan in the second quarter worth approximately $77,000. Finally, Russell Investments Group Ltd. purchased a new stake in Cosan in the second quarter worth approximately $109,000.

About Cosan

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.